Taiwan’s crypto exchange MaiCoin is valued at $400 million

The exchange is considering going public on the Nasdaq stock exchange within two years

18.03.2022 - 13:15

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What’s new? MaiCoin MaiCoin, a Taiwan-based cryptocurrency exchange, has completed a Series C financing round that valued the company at $400 million. The company will use the proceeds to expand its influence in Southeast Asia. MaiCoin is considering going public on the Nasdaq stock exchange within two years, Bloomberg reports, citing its own sources. The company expects to grow revenue by 70% by 2025.

Link to Bloomberg

What is known about MaiCoin? The company was founded in 2014 by Alex Liu, a Stanford University graduate who previously worked at Qualcomm Inc. In addition to using the mobile application, MaiCoin’s customers in Taiwan can process trading orders at the Seven-Eleven and Hi-Life stores across the island.

What preceded it? Earlier, the Indian crypto exchange CoinDCX allowed for an IPO as soon as regulatory rules for the crypto market are formed in the country.

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